Product Manager, Medical Devices Salary
|Salary||$59,029 - $123,823|
|Bonus||$3,750 - $13,000|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$57,391 - $134,527|
Job Description for Product Manager, Medical Devices
A product manager creates strategies and plans to implement medical devices into markets and to market them to appropriate parties. The product manager may oversee a sales and marketing team and may provide them with direction, including giving them tactics and tools in which to promote the products.Read More...
Public speaking skills may come in handy, as the product manager will often have to administer training and seminars as to how to apply best practices. In some jobs, the product manager will work directly with clients. The product manager may have to train clients as to how medical devices are used. The product manager may have to improve the image of the medical devices, so that they are favored within the field. Various products may have to be overseen at once, so it is important to be able to multitask. This may involve keeping an eye on recent developments within the field, including products that the competition has recently created.
A bachelor’s degree in business or marketing is usually needed. Previous experience in sales or marketing is often required. The product manager may also aid in forecasting the sales of products and stocks. Strong communication skills are needed, as the product manager must make a good impression on stakeholders. The work generally takes place within an office environment, though some travel may be necessary to attend conventions, to work with other branches of the company, and to meet with various clients.
Product Manager, Medical Devices Tasks
- Lead market research and customer outreach initiatives.
- Mentor and train staff.
- Identify markets and potential clients, as well strategies for building relationships.
- Manage all sales for medical devices, from initial contact to analytics about markets.
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Pay by Experience Level for Product Manager, Medical Devices
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Product Manager of Medical Devicess generally obtain higher compensation for more plentiful past experience. Relatively untried employees who have less than five years' experience have a median salary of $84K. Those who have been around for five to 10 years can expect to take home more — $97K on average. Between one and two decades on the job, average salaries pass the six-figure mark at around $120K. Individuals who report more than two decades of experience seem to make only slightly more than folks in the 10-to-20 year range; the more senior group sees median earnings in the comparatively modest ballpark of $127K.
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